Urges Shareholders to Vote "FOR" All Three of Company’s Nominees on the WHITE Proxy Card PDC is Successfully Executing its Operating Plan Focused on Capital Discipline, Profitable Growth and Free Cash Flow Generation PDC Energy Inc. today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission in connection with its 2019 Annual Meeting of Stockholders , scheduled for [...]
PDC Energy Inc. today announced plans to host a conference call to discuss first quarter 2019 results. The Company plans to issue its first quarter 2019 news release after market close on the previous day, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast: Date/Time: Thursday, May 2, 2019 at 11:00 a.m. ET [...]
PDC Energy Inc. today confirmed that Kimmeridge Energy Management Company has provided notice of its intent to nominate three individuals to stand for election to the PDC Board of Directors at the 2019 Annual Meeting of Shareholders. The PDC Board and its Nominating and Governance Committee will review the proposed Kimmeridge nominees and present the Board’s recommendation regarding director nominees in the [...]
Kimmeridge compelled to make nominations given PDC Energy's steep discount to intrinsic value and management's apparent unwillingness to adopt numerous operational and strategic initiatives to maximize shareholder value Over the past 3, 5, and 10 years, PDC Energy's return on average capital employed is materially lower than its weighted average cost of capital Ben Dell, Alice Gould, and James Adelson would bring strong [...]
PDC Energy Inc. today reported its 2018 full-year and fourth quarter operating and financial results and provided detailed 2019 guidance and preliminary 2020 outlook. 2018 Highlights Full-year net cash from operating activities of approximately $890 million, a 49 percent increase compared to 2017. Year-over-year production increase of 26 percent to 40.2 million barrels of oil equivalent or approximately 110,000 Boe per [...]
PDC Energy Inc. today issued the following statement in response to the public filing of a Schedule 13D by Kimmeridge Energy Management Company : PDC is open to the views and opinions of all shareholders. We take constructive suggestions seriously, and regularly review the Company’s portfolio, strategy and structure to drive value creation. While we typically do not comment on interactions with individual [...]
PDC Energy Inc. today reported its 2018 full-year production and year-end SEC proved reserves, as well as its production and capital investment guidance for 2019. 2018 Highlights: Full-year 2018 oil and gas capital investment of approximately $985 million, generating a year-over-year production increase of 26% to 40.2 million barrels of oil equivalent . Full-year 2018 oil production increased 32% year-over-year to [...]
PDC Energy Inc. today announced plans to host a conference call to discuss fourth quarter and full-year 2018 results. The Company plans to issue its fourth quarter and full-year 2018 news release after market close on the previous day, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast: Date/Time: Thursday [...]
PDC Energy Inc. today announced the planned retirement of the Company’s current General Counsel, Dan Amidon, on December 31, 2018 and the appointment, effective January 1, 2019, of Nicole Martinet, the Company’s current Associate General Counsel, to the position of General Counsel and Corporate Secretary. Ms. Martinet will be responsible for corporate and tactical legal initiatives, governance for the Board of [...]
PDC Energy Inc. today reported its 2018 third quarter operating and financial results. Third Quarter 2018 Highlights Production of 10.1 million barrels of oil equivalent , or approximately 110,000 barrels of oil equivalent per day, representing a year-over-year increase of 21 percent from Wattenberg and Delaware basin operations. Oil production of 4.3 million barrels , a 27 percent increase year-over-year from Wattenberg [...]
PDC Energy Inc. today announced plans to host a conference call to discuss third quarter 2018 results. The Company plans to issue its third quarter 2018 news release after market close on the previous day, followed thereafter by additional materials. The release and materials will be available on the Company’s website, www.pdce.com. Conference Call and Webcast: Date/Time: Tuesday, November 6, 2018 at 11:00 a.m. ET [...]
PDC Energy today reported its 2018 second quarter operating and financial results, as well as updated its full-year 2018 production and financial guidance. Second Quarter 2018 Highlights Production of 9.4 million barrels of oil equivalent, or approximately 103,000 barrels of oil equivalent per day, representing a year-over-year increase of 20 percent from Wattenberg and Delaware basin operations. Oil production of 3.9 [...]
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